Datacap and Parascript Partner to Offer Advanced Capture and Forms Processing

Tarrytown, NY and Boulder, CO March 14, 2007 — Datacap Inc. and Parascript, LLC today announced a partnership that will enhance Datacap's flagship document capture software, Taskmaster, with Parascript's intelligent character recognition (ICR) technology. This integration provides customers an optimal solution to process documents that require freeform handwriting for convenient completion. Such forms include subscription forms, order forms, change of address documents, surveys and applications.

Taskmaster remotely scans and indexes a wide variety of form layouts. Parascript ICR software recognizes and extracts data from any combination of cursive and hand printed information on these forms. Customers utilizing the technology have reported as much as a threefold increase in productivity with the integrated solution.

Both the Baltimore Sun and TV Guide have deployed Datacap Taskmaster with Parascript ICR to process handwritten subscription forms. A brief demonstration of the Baltimore Sun application can be viewed at www.datacap.com/webinars/dowjones.

"By combining Parascript's handwriting recognition with Taskmaster rules processing, we are taking a giant leap forward in providing advanced technology in an easily accessible solution for end users," said Datacap CEO Scott Blau. "Natural handwriting recognition, even for intense documents like subscription forms, is the only possible solution in many instances, and we are delighted to partner with Parascript to offer an integrated solution that addresses this very pressing need."

"Datacap's focus on providing their customers with advanced forms processing solutions bodes well with Parascript's state-of-the-art handwriting recognition. We are pleased to augment their solution with this new capability," said Brian Ball, Parascript's vice president of sales for forms.

Datacap Taskmaster is the industry's leading rules-based, document capture and forms processing platform. Customers have maximum flexibility to manage the scanning, classification, recognition, validations, verification and export for all types of structured and unstructured documents.

For more than a decade, Parascript has been the global leader in handwriting recognition. Parascript ICR recognizes and interprets handwriting on more than 75 billion imaged documents per year for such diverse industries as banking and financial services, commercial mail and postal agencies, insurance and healthcare, and circulation management and publishing.

About Datacap: Since 1988, Datacap Inc. has provided award-winning document capture and forms processing software solutions to organizations worldwide. Datacap Taskmaster software accurately transforms paper into information, increasing efficiency and data accuracy while reducing costs and document cycle time. A client/server, rules-based capture workflow platform, Taskmaster provides the industry's most adaptable solutions for both document image indexing and forms processing. Taskmaster also enables scanning and indexing from a browser and integrates with all leading document management solutions, databases and ERP systems. Awarded AIIM Best of Show for Forms Processing, Rulerunner Web Service provides the only complete capture solution for SOA. For additional information, visit www.datacap.com.

About Parascript, LLC: The Parascript image analysis suite extracts meaningful information from images. Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite automates costly data entry and improves decision quality in postal automation, check and remittance processing, fraud detection and forms processing operations. Parascript software processes over 75 billion imaged documents per year. Fortune 500 companies, postal operators, major government and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Böwe Bell & Howell, Carreker, Elsag, Lockheed Martin, NCR, Siemens, and Unisys. For additional information, visit www.parascript.com.

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